CLIENT NEWS: Coral Rock scores $54M construction loan for Live Local Act project in Allapattah

December 30, 2025

Coral Rock Development Group scored a $54 million construction loan for a Live Local Act project in Miami’s Allapattah. Developers across South Florida have seized on the state workforce and affordable housing law by filing a flurry of proposals, but few have advanced their projects to the financing and construction stage. Coral Gables-based Coral Rock plans to start construction in the first quarter on the eight-story, 227-unit Dulce Vida apartment building on a 1.3-acre site at 1785 Northwest 35th Street,[...]

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CLIENT NEWS: Miami Beach board approves condo building at Sagamore, Ritz-Carlton

October 12, 2023

A proposal to develop a luxury condo building at the Sagamore and Ritz-Carlton in South Beach is moving forward. The Lowensteins’ Lionstone Development, the Kanavos family’s Flag Luxury Group and the Ben-Josefs’ Ben-Josef Group plan the 30-unit, 15-story building behind the existing Sagamore Hotel South Beach and cantilevered over the existing Ritz-Carlton, South Beach cabana building, at 1617 Collins Avenue and 1 Lincoln Road, respectively. The Miami Beach Historic Preservation Board’s vote for a certificate of appropriateness on Tuesday, a continuation from a[...]

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CLIENT NEWS: Lincoln Road shopping mall slated for upgrades. But there’s a big caveat

October 11, 2023

Miami Beach’s iconic Lincoln Road outdoor mall finally should get much-needed renovations, although some area residents are unhappy they will come with a new nearby condo building. Designed by architect Morris Lapidus — the same visionary behind the Fontainebleau Miami Beach — Lincoln Road today looks nearly the same as it did since its last major makeover in 1960. The mall starts on Alton Road and runs for six blocks east before hitting the beachfront and the adjacent Ritz-Carlton South[...]

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CLIENT NEWS: Construction Permit Submitted For 893-Unit Tower At Miami Worldcenter

October 11, 2023

A construction permit application was submitted this morning for a massive apartment tower at Miami Worldcenter. The new filing states that a 52-story tower is planned to be built, with the following specs: 893 multi-family (rental) units 17,188 square feet of retail Coastal Construction is listed as the contractor. WG 700 North Miami LLC, C/O The Witkoff Group, is listed as the contact. The specs are similar to a June UDRB filing for the first phase of a project at[...]

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CLIENT NEWS: MG, Baron score $18M loan to acquire Hialeah homes for apartment project

October 3, 2023

MG Developer and Baron Property Group snagged an $18 million loan to acquire a block of Hialeah single-family houses to be redeveloped into a multifamily project. New York-based RMWC provided the financing for the planned bulk purchase, according to a press release. Ayush Kapahi with HKS, and Jeffery Donnelly and Dmitry Levkov with Colliers arranged the loan. Coral Gables-based MG and New York-based Baron plan to acquire about 20 homes on East 26th Street between East Ninth and 10th avenues in Hialeah,[...]

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CLIENT NEWS: Mikael Hamaoui Scores Approval for 70-unit North Bay Village Condo Tower

October 3, 2023

North Bay Village has another luxury condo project in the works. The North Bay Village Planning & Zoning Board recently approved Miami-based Riviera Horizons’ proposal for a 26-story, 70-unit condo tower. The approval marks at least the seventh planned condominium underway for the long-overlooked island community. Riviera founder and CEO Mikael Hamaoui said all the new development will mark a change for North Bay Village, after many years as “a diamond in the rough.” Hamaoui declined to share pricing for units at the[...]

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